Canada - Money and quasi money (M2) to total reserves ratio

Money and quasi money (M2) to total reserves ratio in Canada was reported at 43.15 in 2008, according to the World Bank collection of development indicators, compiled from officially recognized sources.

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Money and quasi money comprise the sum of currency outside banks, demand deposits other than those of the central government, and the time, savings, and foreign currency deposits of resident sectors other than the central government. This definition is frequently called M2; it corresponds to lines 34 and 35 in the International Monetary Fund's (IMF) International Financial Statistics (IFS). Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices.